The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Ann Inc COM 035623107 1,958 53,682 SH   SOLE   3,092 0 50,590
Arch Coal COM 039380100 4,281 2,405,033 SH   SOLE   347,568 0 2,057,465
Bank of America COM 060505104 9,654 539,633 SH   SOLE   106,010 0 433,623
BP ADR COM 055622104 572 15,000 SH   SOLE   15,000 0 0
Bristol Myers Squibb COM 110122108 1,417 24,000 SH   SOLE   24,000 0 0
Chevron COM 166764100 5,910 52,683 SH   SOLE   5,790 0 46,893
Cisco Systems COM 17275R102 9,631 346,261 SH   SOLE   64,116 0 282,145
Citigroup COM 172967424 9,849 182,012 SH   SOLE   31,784 0 150,228
Conoco Phillips COM 20825C104 5,678 82,225 SH   SOLE   5,076 0 77,149
Corning COM 219350105 3,315 144,568 SH   SOLE   8,952 0 135,616
DuPont COM 263534109 4,236 57,290 SH   SOLE   12,000 0 45,290
Entergy COM 29364G103 910 10,400 SH   SOLE   10,400 0 0
Ford COM 345370860 9,300 600,016 SH   SOLE   79,246 0 520,770
Gannett COM 364730101 4,625 144,858 SH   SOLE   54,966 0 89,892
General Electric COM 369604103 354 14,000 SH   SOLE   14,000 0 0
General Motors COM 37045V100 9,680 277,279 SH   SOLE   35,926 0 241,353
Halyard Health COM 40650V100 51 1,125 SH   SOLE   1,125 0 0
Hewlett-Packard COM 428236103 3,876 96,583 SH   SOLE   31,644 0 64,939
Intel COM 458140100 7,400 203,910 SH   SOLE   51,588 0 152,322
J.P. Morgan COM 46625H100 3,253 51,988 SH   SOLE   6,716 0 45,272
KEYW Holdings COM 493723100 4,588 442,040 SH   SOLE   55,589 0 386,451
Kimberly-Clark COM 494368103 1,040 9,000 SH   SOLE   9,000 0 0
Kohl's COM 500255104 8,660 141,867 SH   SOLE   17,326 0 124,541
Eli Lilly COM 532457108 5,507 79,820 SH   SOLE   20,526 0 59,294
Partner Re COM G6852T105 5,771 50,565 SH   SOLE   1,812 0 48,753
Peabody Energy COM 704549104 966 124,866 SH   SOLE   51,825 0 73,041
Pfizer COM 717081103 4,222 135,553 SH   SOLE   36,168 0 99,385
Pitney Bowes COM 724479100 448 18,400 SH   SOLE   18,400 0 0
SunTrust COM 867914103 3,333 79,546 SH   SOLE   11,000 0 68,546
Transocean Ltd. COM H8817H100 3,584 195,552 SH   SOLE   14,146 0 181,406
Transocean Partners COM Y8977Y100 174 11,877 SH   SOLE   4,822 0 7,055
United Bankshares COM 909907107 936 25,000 SH   SOLE   25,000 0 0
United Parcel COM 911312106 4,278 38,485 SH   SOLE   7,906 0 30,579
Verizon COM 92343V104 2,897 61,929 SH   SOLE   16,381 0 45,548
Wells Fargo COM 949746101 3,817 69,632 SH   SOLE   16,520 0 53,112